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the table. >> to get a big package would require a big tax increase in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> reporter: on sin's "meet the press," treasury secretary tim geithner said failing to reach a deal would be catastrophic. >> we need to do something substantial to bring our long term deficit down over time. >> reporter: the stakes high as the two sides try again today. so, the president will be answering questions at a press conference scheduled for 11 a.m. eastern time this morning. he'll then meet with congressional leaders this afternoon. he's asked republicans to bring specifics for their plan. >> thanks so much. a reminder for you, we'll have live coverage of the president's news conference beginning at 11 a.m. eastern time right here on msnbc. the place for politics. >>> officials at nasa are closely monitoring a piece of so-called space junk, which is on a potential collision course with the space shuttle "atlantis" and the international space station. nasa estimates that the ob
's here to dish on the debt and deal in taxes. and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil. it took clinton and gingrich. the president is out there. he's willing to do it. he said it in the state of the union, he said it in the budget. the question is, do we have a partner to work with? and i hope the answer to that is yes. >> this week we'll see a two-track process. publicly, leaders will get a few votes out of the way to allow conservatives to get on the record on a balanced budget amendment and set the table that nothing besides the final deal can pass. meanw
into the deep south where heat is going to remain. a big ridge of high pressure in control there and the drought will continue to worsen. it's not just the heat, it's also the storms. usually the big area of high pressure like you see on the map, you get storms to the north and east side of it. we'll see severe weather in the northeast and the coast guard still looking for two missing boaters out of chicago. they had gusts over 60 miles an hour in a storm and they overturned some of the boats in the water. back to you. >> heat still dangerous across the country in many places. >>> casey anthony has been a free woman for almost 35 hours, but where did she go and who is helping her as she transitions back into society? kerry sanders has the latest details shortly on that. >>> treasury secretary tim geithner speaking this morning that this morning specific items regarding the debt deal. one of the options that senators harry reid and mitch mcconnell or working on raising the debt ceiling in exchange for $1.5 trillion in cuts over ten years. this would also create a new congressional panel that woul
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
leaders are digging in on the big sticking point of taxes ahead of tomorrow's white house summit. chuck todd is nbc's chief white house correspondent and host of "the daily rundown." chuck, we've heard a lot from republicans. today at the bloomberg breakfast it was said that any tax measures had to be revenue positive over the long run that could be ten years out. eventually have to contribute toward deficit reduction. that is not what republican senator john cornyn was saying exactly the opposite what he said on our show yesterday that it has to be revenue neutral. how does the president hope to bridge this devoid? >> reporter: well, you know, they have an interesting tactic here. they believe and frankly behind the scenes so do house republicans believe it will be easier to sell a larger deal that has some things in it that nobody's crazy about on certain sides. whether some trims to entitlements on the democratic side or some of these revenue proposals on the republican side that if it's a large deal, $2.5 trillion to $4 trillion and maybe even $6 trillion in the out years meaning th
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
to ask the big oil companies to give up one dime not one dime of their $4 billion annual subsidy. they have refused to ask big corporations to give up one dime in their corporate loopholes. what we are negotiating with is a group of people who won't compromise. a group of people who have said we want the middle class to pay more taxes so that big corporations can pay less. we want seniors to lose their medicare so that big oil companies can continue to foost on their subdis. that's what the problem is. >> the case that republicans have taken a hard line on talks, at the same time democrats are taking what sounds like a hard line on entitlements. let me read a statement from leader pelosi that says we continue to oppose benefit cuts in social security and medicare. these pillars should not be used a as piggy bank to subsidize tax cuts for the wealthy. are democrats not just as guilty of failing to compromise as republicans are in this case? >> no, absolutely not. what we have said and i think most americans would agree with this is the middle class and seniors should not be asked
to raise the debt ceiling. everybody fr everyone agrees. this is big for the republicans. never done before with a long-term budget plan to bring down the deficit. now everybody agrees also there has to be a balanced approach. they agree to $1.6 trillion in cuts and what the president is saying is there's $400 billion in tax subsidies. tax give ways, as al you mentioned, tot hedge fund managers, that we can no longer afford. now if republicans don't buy that, as david brooks said nothing in the new york times, they are idiots. they don't know how to govern. they won. they ought to take this deal. >> mr. brooks, conservative columnists, is saying come on. you are marginalizing yourself. can't even you even hear from your own people that ideal logically agreed with the republican line. >> well, look, reverend sharpton, you showed some polls a minute ago that showed 70 or 8 30ers don't agree with republican owns this or that or the other thing. if the republicans are standing up for their convictions and beliefs against the tide of public opinion, it may be political courage an political decis
hike. >> i disagree with that. >> you're still fighting that fight? >> look, the big grand bargain is still on the table. that deal is there if the speaker wants to return to the table and negotiate it. we came very close. the president and the speaker did. and that opportunity still exists. secondly, the helpful proposal senator reid put out does not include up front the tough issues of entitlement reform or tax reform, it creates a committee that would look at those issues on a fast-track basis by the end of the year. that's not possible, we prefer one that does it all at once. however this turns out if we don't get the tough issues addressed because they're essential to address the deficits and long-term debt we're going to return to the debate. the public support balanced approach. it's not the right way to do this if we don't ask sacrifice from everybody. not one sctd sector 0 a limited number of sectors from the society. >> last night it was said, voice support for a bipartisan deal. let's listen. >> the american people may have voted for divided government, but they didn't v
i'm thomas roberts. rupert murdoch will testify at parliament tomorrow, this is the big headline, all over the phone hacking scandal that's rocking his media scandal. meanwhile there was a new arrest of a top exec over the weekend, and now the head of scotland yard and his assistant are resigning. if you're keeping score so far, there have been three high-profile resignations, ten arrests and it is not over yet. jim maceda is live in london to bring us up to speed on this. jim, good morning. >> reporter: hi there, thomas. make that four high profile resignations. just a couple of hours ago scotland yard's number two, john yates, also resigned under increasing, extraordinary, really, pressure. that on the heels on his boss's resignation last night. commissioner paul stevenson, he was the head of scotland yard. he, if you will, fell on his sword and said that he could not in good conscience continue with all the challenges to keep the peace in great britain as he and specifically his relationship with the murdock media empire became such a focus of attention. he was calling it a ma
in this country, if we don't meet our bills, do we get into big trouble, or don't we? some people are holding out and saying, this isn't a problem we can slither through this thing. where are you on that? >> no. i think it is a problem. in fact, you know, we have slowly stair stepped our way into this mess and certainly the gop caucus, right on right crime perpetrated there with the different messages and you know, who's on top of who? who's the leading voice today? done nothing more than muddled the debate for a lot of the american people right now. you're seeing it begin to reflect in the polls. beginning to see it reflect amongst some of the other members of the caucus who are just sick and tired of not getting to a point of resolution. so i think that there are very serious people there beginning to step up with the party on both sides, quite frankly, to move the participants to a point where we can actually begin to get something done. i think, chris, there will be a deal done. the question is, right now, what exactly does it look like, and who's prepared to stand before the american people
'll hear the latest on the debt ceiling. a big weekend in florida. the closing arguments expected in the casey anthony trial. the big question did the defense drop the ball on a key witness? >>> fast food nation. not the united states, but russia. it's the american invasion of the former soviet union where you're going to find surprising places to eat. >>> skyrocket on the fourth of july. not fireworks but prices. we're going to tell you how much this independence day celebration will cost you. >>> good morning, everyone, i'm alex witt. fascinating new twists in the sex assault case against the former head of the imf. first, a big weekend in orlando in the casey anthony murder trial. closing arguments scheduled for tomorrow as the case enters its final phase. friday saw dramatic testimony from the employer of cindy anthony, that's casey's mom. the employee refuted sipdy's testimony that she searched for the term chloroform on her home computer because he say she was at work at the time. >> it appears to be from on the screen there's activity throughout the account throughout this
they never get to to see all in one place. >> go a lowe's or home depot, one of the big box stores, good luck. you're on your own. >> how did these two enter the seemingly saturated market of a complex, well established industry like bathroom remodeling. >> no one approached it from a system perspective. sometimes it takes someone from outside the industry to reinvent the industry. >> as outsiders they asked themselves how they could stream line a process where most of the suppliers and manufacturers don't know each other and almost never communicate. >> no one delivers your bathroom in a box. that's what we do. >> that's how they hit on bath in the box concept. they treated the whole bathroom as a single product rather than a collection of various widgets. by bundling everything together they streamlined the supply chain from the design sketch to a finished bathroom. >> the idea is to be able to think through in advance all the parts that go into that eco system. >> that's nice. all in there? >> vanity, tubs. >> a box with my whole bathroom in it. >> that homeowner is renovating her bathroom
and bill say that big manufacturers are starting to take notice of this new supply chain approach. they see it as an alternative drishs channel to the big box stores which control much of the industry. >> the manufacturers see bath simple as a way to open up a whole new channel for how they sell their product. they're stuck in the home depot, lowe's channel, it's a big channel, but a low margin, it's dangerous to have one big customer. we sell to the contractors out there and they get it very quickly. >> consumers, too, are taking notice. the online design software makes the selection process faster and easier than the traditional chore of running from store to store. >> i have three middle school kids. and i just don't have to time. this whole idea intrigued me with bath simple. that's how i got started with that. >> from the manufacturers to the contractors to the consumer to the retail chains they see this as a new way of doing something that's been done for a long time the old way. >> rethinking and reinventing an approach to a business can make you stand out from the crowd. let's turn
>>> big news in washington this morning. one debt ceiling deal appears dead. will a critical meeting later today help save the american economy? new details about how the cia tracked down osama bin laden. the story of one analyst's dogged determination to get the leader. >>> rolling out the red carpet. the british royal company meets and greets some hollywood's biggest royalty. the scoop and buzz from their trip. >>> the 10 million mile man. you're going to meet the guy who just set a new record for the most flights on an airline ever. pretty cool stuff. good morning. i'm thomas roberts in for alex witt today. thanks for joining us. we get right to it. two big issues are making headlines this morning in washington. jobs and the debt ceiling talks. treasury secretary tim geithner appeared on "meet the press" with host david gregory. >> it's going to take a long time still. h is a very tough economy. i think for a lot of people it's going to feel very hard, harder than anything they've experienced in their lifetime now for some time to come. that is because that is the tragic e
tough choices for a big budget deal. today he said without a deal there may not be enough money to send out social security checks. for many republicans in congress, opposing tax has become more than ideology. it's become religion. they're abdicating now their responsibility to co-govern. how are we ever going to get a deal if republican leaders more afraid of the tea party than they are of the economic collapse to come? >>> also, pray away the gay. michele bachmann's husband says the christian counseling practice he runs does not try to pray gay straight, but the video tells a different story. this may make michele bachmann more popular with her base, but what after everyone else? >>> plus, the murdoch scandal keeps getting bigger and bigger. gordon brown told the bbc that murdoch people used known criminals to get access to his personal information and try to bring down his government. the story has now hit the "sunday times" of london and his company stock is sinking. how bad will this get? jon stewart and british ex-pass had fun, a lot of fun, actually, with the murdoch story. that'
, hi, there, thomas. it seemed like forget hope for getting a big deal done in the arena of $4 tril john lion in tt decade was dwindling, but republicans would not accept a deal that big and they wanted $2 trillion over the next decade, but as you mentioned president obama came out today swinging, upping the ante saying he does indeed want a big deal done and if not now, when? and he essentially tried to assume the position of the adult in the room calling on the lawmakers to rip off the band-aids and eat the peas and call to action for democrats and republicans and calling the democrats to come to the table for entitlement reforms, and the republicans for rolling back the tax breaks for wealthy americans and big corporations, and it seemed like at the last of last week, the president and the speaker boehner may have been moving in the same direction, but then speaker boehner said we cannot support anything that looks like a tax increase. and so the president addressed that in his conversation today, and he said that any tax brea increases would not take effect immediately. >> when
's headlines about the campaign's big haul and tell you why we're a tad underwemed. >> >> dyou got to check the sel date, it's wednesday, july 13th, 2013. i'm chuck todd, an unbelievable hump day, feels like it's forever bigger here in washington, where i begin my first read this morning. it's the beginning of the end game for negotiations on the federal debt. with pessimism building that leerds will produce a deal and avoid default mitch mcconnell proposed plan c, a contingency, what i like to call the hail mary punt. he set the stage on the senate floor with this pretty rough attack on the president. >> after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably unattainable. >> mr. mcconnell said the day i was elected that his job was to try to see me beat. i'll have to explain how it is that we're going to avoid default because i'm going to be president here for at least another year and a half. >> right after that interview, mcconnell unveiled this plan c. he would hand over to the presid
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
, social security. things like that. things obama says would be a sacred cow for democrats. talk about big numbers. that $4 trillion was the largest number we've heard so far but that does not sit well with republicans, because they wanted absolutely no tax increases. president obama, democrats told me, simply said, look, i'll give you $4 trillion in spending cuts. give me one-third in new tax increases. something in ordinary political years i'm told by democrats, most republicans would jump on. after this has played out, over the last few days, mitch mcconnell came through with a last-ditch plan. here's what he had to offer. >> i would advocate that we pass legislation giving the president the authority, the authority, to request of us an increase in the deficit would take us past the end of his term. we would authorize him to request of us that we raise the debt ceiling for the amount that he says he needs. require him to list spending cuts he would make in the same amount as the debt ceiling request he's making of us. >> reporter: so, dylan, if you didn't quite get all that you're not a
>>> big news in washington this morning. one debt ceiling deal seems dead. will a critical meeting later today help save the country's economy. >>> the space shuttle docks for the last time with the space station. we'll get a unique perspective from a former astronaut. >>> rolling out the red carpet. take a look at this. the british royal couple meet and greet some of hollywood's biggest stars. we'll get all the buzz from their trip. >>> busting medical myths. a new book that separates fact from fiction on some big health questions. for example, does vitamin c really help stop holds? i'd like to think so. >>> good morning, i'm thomas roberts. alex witt has the day off. welcome to msnbc sunday. big news to talk about from washington this morning on those debt ceiling talks. it appears at least one deal is dead. the so-called grand bargain between the white house and the gop will not be happening. the grand deal called for $4 trillion in spending cuts and closing some tax loopholes. now republican house speaker john boehner says he wants no tax hikes included in the deal. but could a
government shut down. i never thought that was possible." the big lesson for minnesota is the unthinkable is possible. you have a tendency to think in these sorts of situations it's just a game of chicken, there will be a resolution, the debt ceiling will be lifted, but sometimes a game of chicken ends in a car crash. the last thing that republicans walked out of in terms of trying to avert this car crash was a meeting president obama convened yesterday in washington. you may remember mr. obama told everyone to dress casually because they were going to be there for a long time, right? that's why we have the pictures where they look vaguely, slightly, iranian, because they are not wearing ties. women look the same they always do, but the mens, aimadinijad. john boehnor told reporters he could not support any big deal the president wanted period. so in the end, their long day of sweaty, tieless negotiations only lasted an hour and 15 minutes, then they went home. the unemployment crisis, but that is not what they are having crisis negotiations about in washington, but they are having crisis
a big deal. so what is a big deal? white house officials tell me anything over $2 trillion, but he is pushing for more in the area of cuts that would equal $4 trillion over the next 10 to 12 years. now, this all comes against the backdrop of a report today in the "washington post" saying thatm president obama is putting social security on the table along with medicare and medicaid and when we asked the white house about this, they said, look, this is not news. the president has always supported the idea of small cuts in those entitlement programs to make them more effective as long as the cuts didn't impact beneficiaries and having said that some folks on the hill say there are some scenarios which would see a major overhaul of the entitlement programs, but the white house says they would not want to see anything to overhaul the main programs. but one of the sticking points here, thomas, is taxes. democrats want to see a rollback in tax credits for the wealthy americans and in big corporations, and the republicans have said no way, we don't support anything that looks like a tax in
happened essentially is that this jobs report came over and poured a big bucket of cold water on hopes of a quicker recovery. it tells you that there was a slowdown and a real standstill in hiring that happened in may and june. what we're going to be looking for, by the way, next week is the beginning of earnings season to try to see that if in the slow growth economy companies found a way to make money again. >> steve also says companies hoping to see more confidence on the part of consumers before they have the confidence to start hiring. >>> capitol hill will be buzzing today ahead of a major meeting at the white house tomorrow on the debt ceiling. top lawmakers from both sides of the aisle will sit down president obama and vice president biden hoping to get closer to cutting a deal. this morning the president said there is common ground, but it will mean unpopular decisions by both parties. >> we agree on some of the big things. we agree that after a decade of racking up deficits and debt we need to get our fiscal house in order. we agreed that to do that both sides are going to ha
toward a vote next week. the president says he still wants a big deal. but for the first time he's opening the door on senator mitch mcconnell's fall back plan which is gaining momentum on capitol hill. chuck todd was in the briefing room for the news conference. host of "the daily rundown" and luke russert. there was a movement from the president at least towards considering the mcconnell backup plan. what are the chances he still might get what he really wants which is a bigger deal? >> to me -- in a way put together to try to get through this. what you felt was the press conference was about was trying to frame the post game debate, if you will. you heard this from the speaker. suddenly they're back to distancing themselves from the debt ceiling. let's get to the debt ceiling part. we're running out of time on that. maybe there's still time to negotiate this grand bargain. that's sort of what i heard out of this. the president will sign anything that gets to his desk that seems to get through both houses of congress at this point. and then after that, maybe there's a conversat
it for someone you love. >> i mean, is a big part of the problem here convincing the american people that these cuts won't be devastating? >> absolutely it is. look, we've got a problem in this country, chris. we want more government than we're willing to pay for. and that's coming to a head in this debate over debt deficits and raising the debt limit. those ads protesting against some of those cuts to some degree help the democrats in the obama administration make the case that we need more revenue. we can't do it all on the spending side. democrats have been trying to make the case that the spending cuts they're for are not hitting beneficiaries directly, but that becomes a difficult argument to make, the more interest groups connected with medicare and the health care system get hit. >> all right. john harwood, got od to see you. i want to bring in "washington post" columnist ezra kline. good to see you. >> good morning. >> what's the dels' strategy here? >> these cuts are not necessarily new. they're on a charm offensive, i'd say, to say that, look, we've put everything on the ta
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
. how exciting. >> they match. >> they do match. >> the big news of the day, yesterday, of course, was moody's coming out and saying, listen, we don't expect this to happ happen. the chances are slight this is going to happen. just the chance it may happen, we are going to downgrade america's credit rating. >> we are going to put it on credit watch to downgrade it or we will downgrade it if it happens. first of all, the rating agencies were behind the curve during the whole financial crisis and they took a lot of heat for that. now they are trying to be more proactive. when you have a congress that refuses to address the issue, what do they do? it's not a shocker. it's another symbol of how dysfunctional things are in washington and what the stakes are and how dangerous it is. you know a few people across the globe. >> i like it when mika says it better. >> say international financeer. >> i would think these are trying times for banks across the world. look at ireland a second time. it's spread to italy. we have all heard -- greece, portugal. it's all across europe. it's coming to
of six proposal is rather vague. easy to agree on something balanced as long as it's big. in the house r there are republicans ideologically opposed to anything that increases revenue. now all the government deficit projections are based on the idea bush tax cuts expire for everyone, according to current statute, the end of next year. if you regard not only any change in the law that reduces the deficit as unacceptable but any failure to change the law is also unacceptable, then it's going to be very hard to pass anything through the house other than perhaps the mcconnell plan, without the savings in it. >> we're hearing from harry reid using the phrase, "time is of the essence," hearing that over and over again and taking us to the brink. do you get the feeling we are actually inching any closer to clenching a deal? >> i think the mcconnell proposal, with some savings we can all agree to, may very well end up being the package. it's very important to the president we have a 3.5, 4$4.5 trillion package. woe may not in this short time agree to more than a $5 million down payment and vague
think speaker boehner has been very sincere about trying to do something big. i think he'd like to do something big. his politics within his caucus are very difficult. >> well, here's what he means. in a new poll, we see the complicated political caucus they are dealing with. the number of americans who are very concerned about default has ticked up seven points in the last two months. then it was just 35% believe not raising the limit and risking default was worse than raising it and potentially spurring more spending. now 42% see greater risk in a potential default, 47% are more concerned about lifting the limit but the gap has narrowed. that gets you talking about the education of the public in the last two months. look at the republican side. the folks who have been more engaged in this debate since the outset, the numbers have only hardened. 66% of republicans are more concerned with raising the debt limit compared to 60% in may. that number rises to 75% among republicans who identify with the tea party. so this is the issue. and speaker boehner has said he would only raise the d
, but the big deal now, how to raise taxes, whether taxes should be raised at all, and not just taxes on ordinary americans. subsidies and tax credits for what the president calls tax cats and ceos of hedge fund managers. this is a political symbol to bash republicans. republicans call that class warfare. they call it demogoguery. it's senator dan coats, an indiana republican, and his response today to the president. >> unfortunately, the president's spending plan has failed. now is the time for sdisive leadership from this president. it's time to cast aside the false safety of political denial in re-election hopes and put the future of our country above all else. >> reporter: alex, something unheard of has happened in washington over the past week. the senate was scheduled to go in recess. they canceled the recess. hard to remember the last time that happened. they were under political pressure by the president and others to not leave washington, to come to the table as the clock ticks toward august 2nd, but as you can see, it appears we're still in the shouting stage. everybody posi
is it shows that the united states system is not set up to do big things. when a crisis like this comes up they cannot do a deal that would show stability to the world. >> ronald reagan and tip o'neal made big deals. in the 1990s, bill clinton and the republican congress made big deals. and mika, it's not over yet, but it has gotten to the point already that this is damaging the reputation of the united states the longer it goes, and i think we're talking about it damaging our reputation more every day that the crisis goes on. >> i think both sides would agree with that. after a weekend of meetings resulting in yet another impasse, president obama is canceling two fundraisers today to continue negotiations. senate majority leader harry reid said the talks broke down last night because of the republicans insistence on a short-term deal, and their plan would cut $2.7 trillion over the next ten years. officials say it raises the debt ceiling but no tax increases. and he salaid out his latest solution. >> there will be a two-stage possible. it's not physically possible to do this in one step.
house back to the table, back to talking about something big. now, look, we still got a long ways to go. it's a weekend of sales jobs going on right now that actually began last night when the president had the congressional democratic leadership over to start talking turkey. so that brings us to the other sticking point, the actual substance. everybody has to figure out what to cut. this isn't going to be as easy as folks think and both sides are moving toward a deal that would include a trigger to assure mutually destructive politically when it comes to the two big items being kicked to committees or joint committees and that's still being figured out, tax and entitlements. one incentive plan would kill bush tax cuts for the rich and key portions of the new health care law if somehow the reforms for the tax code and social security and medicare weren't agreed to and implemented by january 1st, 2013. the question is, is the penalty on the bush tax cuts sort of the idea that you're kicking this down, is that going to be enough to assuage some democrats who believe there's too many cuts
're paying lip service, richard, at a very minimum, asking for that big deal, that grand bargain that we've heard so much about, and the president says he's still pressing for it. his omb director, budget director jack lew, had something to say about that this morning as well. >> he wants the largest deal possible. he wants to do the most we can to reduce the deficit. that would be the right thing to do for the american people. he made it clear he's willing to go into areas that he's not in the past been comfortable going into. i think that one can see a path to getting well over a trillion on things that we should be able to agree to. >> so richard, we're essentially in a holding pattern here. what's playing out are politics within each conference and caucus on capitol hill between republicans and democrats, between house and senate. republicans for their part this week are going to push forward an amendment to the constitution requiring a balanced budget. they say this is what's needed. even if it were to be ratified, which is considered a long shot, obviously it would do nothing in th
brewer, covering the big news from coast to coast. the big story today, casey anthony will be out of jail in less than one week. moments ago, we learned the florida mother acquitted of murdering her own 2-year-old daughter will be released next wednesday, july 13th. on tuesday, she was convicted on all counts of lying to police. this morning, judge belvin perry announced what that would cost her. >> i will sentence you to one year in the orange county jail, imposing a $1,000 fine on each count. all four counts to run consecutive to each other, giving you credit for the time that you have previously served. >> that credit amounted to just over 1,000 days. let's go live now to orlando. nbc is outside the courthouse with the very latest on what has happened this morning. good morning to you. >> reporter: good morning, richard. that was six days short of the worst case scenario for those protesters that gathered around this morning outside the courtroom. certainly not comforting, not even six weeks or six months, not even six years is anywhere near what they wanted or what they consid
their candidates. >> we will stand, because we serve a faithful god. >> i think it's a big mistake for governor romney. >> there's a move afoot to try to blame george w. bush. >> to make an informed decision and then come back to talk to us. >> good evening from washington. two week's notice, that's what president obama gave congressional republicans late today, two weeks to reach an agreement on deficit reduction and raising the debt ceiling to avoid what would likely be a catastrophic default. the president said he won't accept a short-term deal and invited republican leaders to join his previously-scheduled meeting with democrats on thursday. he restated this is an opportunity to "do something big to reduce the debt." >> to get there, i believe we need a balanced approach. we need to take on spending in domestic programs, in defense programs, in entitlement programs, and we need to take on spending in the tax code. spending on certain tax breaks and deductions for the wealthiest of americans. this will require both parties to get out of our comfort zones, and both parties to agree on real co
. the one entity that could cut them out are heading towards cuts of their own, big ones. this, which we thank local and state government for, that's what republicans are insisting be brought now to washington. >> i think the situation we face is pretty urgent. as a matter of fact, i would describe it as dire. we have three really big problems, we have a spending problem, we have a debt problem, and we have a jobs problem. >> that's why i believe he went on to say it is important for us to fundamentally fix our spending problem and our debt problem and help get our economy moving again. so three problems, spending problem, he says we should fix that. debt problem, he says we should fix that. jobs problem, yeah, we sure have one of those. why doesn't he say we should fix that one too? john boehner said he's ready to fix spending and the debt but those two will just magically fix the jobs thing too? that doesn't need fixing on its own, it fixes itself? so far, anyway, that magic is not working out so great, president obama plans to meet with republican lawmakers again this weekend on sunda
make a big play. plus, man down as the padres heath bell slides his way into an all-star appearance. your first look at sports is straight ahead. [ male announcer ] if it's true that sharks can sense even a drop of blood from a quarter of a mile away, which razor would you use? ♪ ♪ ♪ vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. >>> welcome back to "first look." i'm lynn berry. and in sports with an eye on the bottom line the cash-strapped nets send they are closer, k-rod, packing. here's nbc's mario solis. >>> hi, there. good morning. the mets and the brewers were wheeling and dealing. new york-traded closer francisco rodriguez from milwaukee for a pair of players to be named later. k-rod was in line for a $17.5 million option, something the mets wanted no part of. now
. >> what happened essentially is that this jobs report came over and poured a big bucket of cold water on quick hopes of a recovery. it tells you there was a slowdown and the word used was a standstill in hiring that happened in may and june. what we are going to be looking for next week is the beginning of earnings season. they will try to see if in this company companies can make money again. >> steve said many are looking for the confidence to start hiring. >>> it is a working weekend for congress right now struggling to reach a deal to raise the debt ceiling. crucial negotiations on a possible deal will take place at the white house tomorrow. this is what the president said on the talks this morning. >> we agree on some of the big things. we agreed that after a decade of racking up deficits and debt we need to get our fiscal house in order. we agreed in order to do that both sides have to step outside of their comfort zones and make some political sacrifices. and we agree that we simply cannot afford to default on our national obligations for the first time in our history. >> well,
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
to the republicans? hell, it is a blank check. i mean, it ain't $4.7 trillion. you know how big this is? this is bigger than the health care bill and the stimulus package two times over. this is the largest can cut that's ever been proposed by any president in the history of the united states. and boehner turned it down. now, you tell me, do you think they really want to do a deal? now, this ship has left the harbor. but at a time, this is where the president was ready to go. and to visualize that and what it means to the american people is amazing. and what does boehner do? he comes back on national television and says that it's president obama who is creating the crisis atmosphere. >> obviously, i expect that bill can and will pass the senate and be sent to the president for a signature. and if the president signs it, the crisis atmosphere that he has created will simply disappear. >> let's see. i've never written one of these before. four -- how do you do that? do you just put a point there or do you do that? i've never written one this big. four point seven trillion and zero dollars
of india one of the ten largest in the world. another big story we're coffering today, divided over the debt. with the debt clock tick angd the two sides no closer to a deal, the senate's top republican tosses out a hail mary pass. >> after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably untaenable. >> mr. mcconnell said i think the day that i was elected that his job was to try to see me beat. i think what the american people are looking for is not that kind of partisan politics. >> back to the bargaining table they'll go today. both sides seemingly dug in. no clear way forward and president obama warning the dire consequences. >> can you tell the folks at home that no matter what happens the social security checks are going to go ou on august 3rd? >> i cannot guarantee that those checks go out on august 3rd if we haven't resolved that issue. there may simply not be the money in the coffers to do it. >> with pessimism growing, republican leader mitch mcconnell is pitching a plan
sort of nine-month option. despite the drama, is a big deal still in the cards? and as the dealing keel reel i reeling, proof congress is broken beyond repair. some say this congress is the worst ever and he's seen lots and lots of bad ones. >>> to the iowa straw poll break the back of a campaign? sure looks like it. tim pawlenty and michele bachmann going toe to toe lashing out at each other. >>> good morning. this is "the daily rundown," i'm which t chuck todd. >>> house speaker john boehner and harry reid have separate plans in the works to raise the debt ceiling before next tuesday's deadline. house republicans are flat out dismissive of reid's plan for a $2.7 trillion cut since a trillion of the cuts are not really new but simply counting the saving from the wind down of the wars in iraq and afghanistan. senate republicans say reid was with them on a two-step increase process, but that the white house shot that down. and the white house says it's all up to boehner to find a way forward. now, pressure is mounting, so is anxiety over the markets. here's white house chief of staff bi
. >> so many rumors and reports have clouded the last fwo two weeks. talk of a big argument, in which sources say charlene ran for the airport. another woman is claiming to have a child out of wed lock with albert. he has two, but the palace denies this. charlene, obviously, is staying. >> she said yes. >> yes. maybe it's not sure. >> still one more day. >> yes. >> i like the prince, and i like all of them, and they look happy. >> thank you very much to all our friends from around the world. fwloo it was a day for their royal subjects to remember. the couple invited every citizen. more than 7,000 to an outdoor party, a very euro concert, sinthesizers blaze and a brilliant light and fireworks display. the couple even looked like they were having a little fun at times. and today will be theirs. with monaco hoping the new sur even line esprincess charlene will remain surine here always. >> viva monaco. >> so today they get to do the big walk down the aisle. the bride will wear armani, 3,500 guests, an american soprano will perform. there will be crowned heads, super stars, super models,
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